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Daily Dispatches
CNBC airs prediction of default in paper gold
Submitted by cpowell on Tue, 2008-10-07 08:48 Section: Daily Dispatches8:45a ET Tuesday, October 7, 2008
Dear Friend of GATA and Gold:
Russia, Iceland act in bank crisis; Oz cuts rates
Submitted by cpowell on Tue, 2008-10-07 08:35 Section: Daily DispatchesBy Omar Valdimarsson and Keith Weir
Reuters
Tuesday, October 7, 2008
http://www.reuters.com/article/ousiv/idUSTRE49542Y20081007
Iceland took over its second largest bank on Tuesday and Russia announced an aid package for the financial sector to bail out victims of the global financial crisis.
Fed considers plan to fund short-term business loans
Submitted by cpowell on Tue, 2008-10-07 08:23 Section: Daily DispatchesBy Jeannine Aversa
Associated Press
via Yahoo News
Tuesday, October 7, 2008
http://news.yahoo.com/s/ap/20081007/ap_on_bi_ge/fed_credit_crisis;_ylt=A...
WASHINGTON -- The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.
An Asian bond could save us from the dollar
Submitted by cpowell on Mon, 2008-10-06 22:27 Section: Daily Dispatches10:11p ET Monday, October 6, 2008
Dear Friend of GATA and Gold:
Treasury already has power to buy into failing companies
Submitted by cpowell on Mon, 2008-10-06 21:51 Section: Daily DispatchesRegulators Outline Steps to Quell Crisis
By Deborah Solomon
The Wall Street Journal
Tuesday, October 7, 2008
http://online.wsj.com/article/SB122334263094210175.html?
WASHINGTON -- Worsening market turmoil prompted U.S. financial regulators to outline steps they are using to boost the balance sheets of institutions reeling from the crisis.
Fed engineers 'stealth' cut in interest rate
Submitted by cpowell on Mon, 2008-10-06 19:20 Section: Daily DispatchesFed Sets Floor Below Rate Target, Engineering 'Stealth' Cut
By Scott Lanman
Bloomberg News
Monday, October 6, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSiAeDH_QZtk&refer=home
NEW YORK -- The Federal Reserve may have cut borrowing costs today without actually saying so.
Michael Kosares: The big bailout of 2008
Submitted by cpowell on Mon, 2008-10-06 19:12 Section: Daily Dispatches7:09p ET Monday, October 6, 2008
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its Internet site's invaluable bulletin board, the USAGold Forum, counts the chickens coming home to roost in the international financial system. His analysis is headlined "The Big Bailout of 2008" and you can find it at USAGold here:
Ted Butler: An exceptional opportunity
Submitted by cpowell on Mon, 2008-10-06 18:26 Section: Daily Dispatches6:21p ET Monday, October 6, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes tonight in "An Exceptional Opportunity":
"We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly."
Grandich Letter migrates to Agoracom
Submitted by cpowell on Mon, 2008-10-06 17:22 Section: Daily Dispatches'Paper Newsletter' Migrates Online
Subscription Base Key
By Grant Surridge
Financial Post / National Post, Toronto
Monday, October 06, 2008
http://www.financialpost.com/story.html?id=862395
It has scrambled the business model for print publications of all kinds, so it's hardly a surprise that the Internet is changing the game for investing newsletters too.
Another henhouse, another fox
Submitted by cpowell on Mon, 2008-10-06 16:17 Section: Daily DispatchesPaulson Picks Interim Head for Rescue Effort
By Martin Crutsinger
Associated Press
via Yahoo News
Monday, October 6, 2008
http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/meltdown_kashkari;_ylt=A...
WASHINGTON -- The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.
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